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FLOWS
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Thursday, 12 September, 2013
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BUY
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AMMB, CIMB, AXIATA
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SELL
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IOICORP, MAXIS, MAYBULK
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STOCK ALERT
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STOCK NAME
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DATE
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PRICE
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BUY/SELL
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TARGET PRICE
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MAS (3786)
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12/9/2013
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RM0.32
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Trading BUY
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RM0.38
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Price
has been on a constant down trend for the last three years but is now
exhibiting signs of bottoming and positive divergence. Rerating catalyst
could come in the form of M&A with the company back in the lime light on
debates on whether Khazanah should sell down its stake and also a turnaround
in its EBITA numbers after the latest fleet renewal exercise the company has
undergone. Currently trading at 1.2x px/bk, we are targeting an initial
upside target of RM0.38 or a potential 17% upside. Trading BUY
(DN)
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AIRPORT (5014)
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12/9/2013
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RM7.10
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SELL into strength
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RM6.54
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Current
price is trading at the all-time high, we think this is a good opportunity to
take profit as it currently trades at 20.59x FY13 PE vs 7 year high of
21.80x. Technical indicators are currently at the high with MACD trading at
the positive region, RSI at 65% and share price is trading at the top range
of the Bollinger band. Fundamental of the stock remain healthy but is being
held back by the delay of its major catalyst, the KLIA2. Suggest a Sell into
strength and buy back at RM6.54 (61.8% retracement level) based one 19x FY13
PE and 0.346 EPS.
(RL)
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Calls for SEPT Week 1/ Week 2
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STOCK
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Initiation Dates
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Initiation price
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BUY/SELL
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TARGET PRICE
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LAST PRICE
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% Change
since Initiated
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CMSB (2852)
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5/9/2013
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RM4.53
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ACCUMULATE
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RM5.30
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RM4.44
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+2.0%
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PERISAI (0047)
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5/9/2013
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RM1.25
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ACCUMULATE
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RM1.65
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RM1.32
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+5.6%
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GTRONIC (7022)
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6/9/2013
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RM2.61
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BUY
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RM3.10
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RM2.71
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+3.8%
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MMCCORP (2194)
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6/9/2013
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RM2.50
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TRIM
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RM2.30
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RM2.70
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+8.0%
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HLI (3301)
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9/9/2013
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RM5.14
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ACCUMULATE
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RM6.00
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-
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-
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CIMB (1023)
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9/9/2013
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RM7.19
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ACCUMULATE
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RM8.50
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RM7.50
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+4.3%
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HARTA (5168)
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10/9/2013
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RM7.04
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SELL
into strength
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RM6.20
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RM7.08
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+0.5%
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TROP (5401)
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10/9/2013
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RM1.56
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Trading BUY
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RM1.89
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RM1.56
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0.0%
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KIMLUN (5171)
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11/9/2013
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RM1.92
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BUY
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RM2.34
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RM1.96
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+2.0%
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HUAYANG (5062)
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11/9/2013
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RM2.73
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ACCUMULATE
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RM3.55
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RM2.75
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+0.7%
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HOLD
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CONT SELL
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SELL/ TAKE PROFIT
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CONT BUY
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STRONG BUY
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